Zedcor Inc. Increases Previously Announced Bought Deal Public Offering to $30.5M
MWN-AI** Summary
Zedcor Inc. (TSX VENTURE: ZDC), a disruptor in the physical security industry, has recently announced an increase in its previously disclosed bought deal public offering of common shares to $30.5 million. Due to high demand, the offering, initially planned to sell 5,084,000 shares at a price of $6.00 each, will now be led by National Bank Financial Inc. and Desjardins Capital Markets as co-lead underwriters. The offering's total gross proceeds now amount to approximately $30,504,000.
Alongside this offering, Zedcor has granted underwriters an Over-Allotment Option, allowing them to purchase an additional 15% of the shares sold for market stabilization purposes within 30 days after the closing date, expected around February 27, 2026. The success of this offering comes as Zedcor grows its market footprint in the North American security sector, primarily through its innovative MobileyeZ™ security towers, which provide customized mobile surveillance solutions.
Zedcor operates over 2,800 MobileyeZ™ towers across Canada and is expanding its services into the U.S., with a focus on Central and Southern markets. The company's strategic locations include significant cities such as Dallas, Denver, and Sacramento, enabling it to provide leading services complemented by data-supported outcomes.
The company's management anticipates that the proceeds from this offering will enhance their operational capacity and service enhancements. However, Zedcor warns that forward-looking statements about their expansion and market strategies are contingent upon numerous factors, including regulatory approvals and market conditions.
Overall, Zedcor Inc.'s growth strategy, bolstered by this public offering, positions it to expand further into the lucrative market for advanced security solutions.
MWN-AI** Analysis
Zedcor Inc. has recently made headlines by increasing its bought deal public offering to approximately $30.5 million, reflecting robust investor demand. This significant move offers insights into the company's growth potential and market positioning. At a price of $6.00 per share, the offering entails 5,084,000 common shares and presents a structured financial strategy aimed at bolstering Zedcor's operations.
The company’s innovative MobileyeZ™ security towers position it as a disruptor in the physical security industry, catering to a growing demand for mobile surveillance. With a footprint expanding across North America and tailored solutions for blue-chip clients, Zedcor's market appeal is strong. This capital infusion from the offering may serve multiple purposes, including funding further expansion into the U.S., where Zedcor already operates in significant markets such as Texas and California.
Investors should consider several factors before engaging with Zedcor's stock. The imminent closing date for the offering on February 27, 2026, means short-term investors might see volatility as the market absorbs these new shares. It’s also important to note the company’s emphasis on innovation and service excellence, which may lead to competitive advantages in a burgeoning industry.
However, potential investors should maintain a cautious approach. The risks associated with regulatory approvals and market fluctuations can impact Zedcor’s performance. Furthermore, as the company expresses ambitious growth plans, successful execution will be pivotal in realizing its projected outcomes.
In summary, Zedcor Inc. presents a compelling opportunity for investors looking to gain exposure to the mobile surveillance sector. Still, thorough due diligence and monitoring of market developments are essential to navigate the potential risks associated with this offering and the company’s broader growth strategy.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR
FOR DISSEMINATION IN THE UNITED STATES.
CALGARY, Alberta, Feb. 11, 2026 (GLOBE NEWSWIRE) -- Zedcor Inc. (the “Company” or “Zedcor”) (TSX VENTURE: ZDC) is pleased to announce that due to strong demand, it has increased the size of the previously announced bought deal public offering of common shares led by National Bank Financial Inc. (“NBF”), and Desjardins Capital Markets (“Desjardins” and together with NBF, the “Co-Lead Underwriters”), as co-lead underwriters and joint bookrunners, on behalf of a syndicate of underwriters (together with the Co-Lead Underwriters, the “Underwriters”). The Underwriters will now purchase, on a bought deal basis, with a right to arrange for substitute purchasers 5,084,000 common shares (the “Offered Shares”) of the Company at a price of $6.00 per Offered Share (the “Issue Price”) for aggregate gross proceeds to the Company of $30,504,000 (the “Offering”).
In connection with the Offering, the Company has granted the Underwriters an option (the “Over-Allotment Option”), exercisable in whole or in part at any time and from time to time for up to 30 days following the Closing Date (as defined below), to purchase up to an additional number of Offered Shares (the “Additional Shares”) equal to 15% of the number of Offered Shares sold pursuant to the Offering at a price per Additional Share equal to the Issue Price to cover over-allotments, if any, and for market stabilization purposes.
The closing of the Offering is anticipated to occur on or about February 27, 2026 (the “Closing Date”) and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.
In all other respects, the terms of the Offering and use of proceeds therefrom will remain as previously disclosed in the original press release dated February 10, 2026.
The securities have not been and will not be registered under the 1933 Act, as amended, or any U.S. state securities laws, and may not be offered or sold in the “United States” (as such term is defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable U.S. state securities laws or an exemption from such registration is available. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About Zedcor Inc.
Zedcor Inc. is disrupting the traditional physical security industry through its proprietary MobileyeZTM security towers by providing turnkey and customized mobile surveillance and live monitoring solutions to blue-chip customers across North America. The Company continues to expand its established platform of over 2,800 MobileyeZ™ towers in Canada and the United States, with emphasis on industry leading service levels, data-supported efficiency outcomes, and continued innovation. Zedcor services the Canadian market through equipment and service centers currently located in British Columbia, Alberta, Manitoba, and Ontario. The Company continues to advance its U.S. expansion which now has the capacity to service markets throughout the Central and Southern U.S. with locations throughout Texas and in Denver, Colorado, Phoenix, Arizona, Las Vegas, Nevada, Sacramento, California and Jacksonville, Florida.
Forward-Looking Statements
Certain statements included in this press release constitute forward-looking statements or forward-looking information. Forward-looking statements or information can be identified by terminology such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “propose”, “budget”, “should”, “project”, “may be”, or similar words (including negative or grammatical variations) suggesting future outcomes or expectations. In particular, forward-looking statements and information contained in this press release, include, but are not limited to: the use of the net proceeds of the Offering; the terms of the Offering; the timing and completion of the Offering; the exercise of the Over-Allotment Option; the expansion of the Company's fleet services and offerings to other regions in the United States; and the receipt of regulatory, stock exchange and other required approvals in connection with the Offering. Although the Company believes that the expectations implied in such forward-looking statements or information are reasonable, undue reliance should not be placed on these forward-looking statements or information because the Company can give no assurance that such statements or information will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of assumptions about the future and uncertainties, including the receipt of required regulatory approvals; anticipated utilization of the Company’s products and services; the availability of debt and equity financing; the ability of the Company to obtain an adequate supply of the equipment required to construct towers; the availability of skilled personnel; and the level of competition in the marketplaces and industries in which the Company operates. Although management of the Company believes these expectations and assumptions reflected in these forward-looking statements or information to be reasonable, there can be no assurance that any forward-looking statements or information will be proved to be correct, and actual results may differ materially from those anticipated in such statements or information. For this purpose, any statements or information contained herein that are not statements or information of historical fact may be deemed to be forward-looking statements or information and readers should not place undue reliance on such forward-looking statements or information. The forward-looking statements or information contained in this press release are made as of the date hereof and the Company assumes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new contrary information, future events or any other reason, unless the Company is required by any applicable securities laws. The forward-looking statements or information contained in this press release are expressly qualified by this cautionary statement.
For further information contact:
Todd Ziniuk
Chief Executive Officer
P: (403) 930-5430
E: [email protected]
Amin Ladha
Chief Financial Officer
P: (403) 930-5430
E: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
FAQ**
How does Zedcor Inc.'s offering impact its competition against companies like Canadian Equipment Rentals Corp CRFQF in the mobile surveillance market?
Will the proceeds from the offering be allocated towards expanding services in areas where Canadian Equipment Rentals Corp CRFQF currently operates?
Given Zedcor's expansion efforts, how does its strategy differ from Canadian Equipment Rentals Corp CRFQF in serving the U.S. market?
What role do the underwriting partners play in supporting Zedcor's growth, especially compared to Canadian Equipment Rentals Corp CRFQF's financial strategies?
**MWN-AI FAQ is based on asking OpenAI questions about Canadian Equipment Rentals Corp (OTC: CRFQF).
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